Yipes Partners with onShore to Deliver Light-Speed Internet Access To Chicago's Historic Monadnock Building

CHICAGO and SAN FRANCISCO, 2001 Yipes Communications, Inc., the defining provider of scalable bandwidth on demand, today announced that it is offering light-speed Internet service to tenants in Chicago's historic Monadnock building in partnership with onShore, Inc.

onShore, a leading systems integrator in the Chicago metropolitan area, established Chicago's first building-wide data network called a Multi-tenant Data Network (MDN). onShore's network allows tenants to enjoy shared services such as e-mail, file servers, automated tape back-up and high-speed Internet access. This infrastructure is the first of its kind in Chicago and is located in the same building that was Chicago's first to get phones and electricity.

onShore's network infrastructure allows Yipes to distribute its services more quickly and directly to onShore customers in the building. Through the efforts of onShore and Yipes, small businesses that otherwise could not afford high-speed Internet access can now take advantage of reliable and secure gigabit Internet connectivity.

"Yipes is an ideal business partner for us," said Stelios Valavanis, President and Networking Projects Supervisor of onShore. "The Monadnock building houses many small companies for whom it was not economically feasible to purchase or manage advanced networking and IT services; however, these companies can truly benefit from the combined resources and services of onShore and Yipes."

Valavanis added, "Yipes' straightforward Ethernet interface is simple and cost-effective to manage. Furthermore, the scalability of Yipes services ensures that we can meet the growing bandwidth demands of our clients."

"I am happy to be able to offer Yipes service as an added amenity to tenants in the Monadnock Building," said Bill Donnell, owner of the Monadnock Building. "Yipes provides quality service; and as more and more tenants' bandwidth requirements increase, Yipes will be able to match them. Having Yipes available in our building should greatly improve tenant retention."

Customers in the Monadnock building say they appreciate the service Yipes offers. "Being tenants here gives us access to state-of-the-art technology. The speed and reliability of Yipes more than meet all our current and foreseeable needs," said Dan Dooley of Mark J. Walsh & Co., a commodity trading advisor.

"Businesses of all sizes have a growing need for reliable Internet service," said Rex Fisher, Co-founder and Vice President of Sales at Yipes. "Yipes is pleased to be working in partnership with onShore in the historic Monadnock building to give tenants the fastest, most flexible and affordable network services."

Yipes is the first national provider of fully scalable bandwidth on demand, ranging from 1 Megabit per second to 1 Gigabit per second in 1 Mbps increments. Yipes serves 21 markets across the country with its unique optical IP networks. Its customers include Fortune 1000 companies, real estate companies, financial institutions, ISPs and ASPs, Web-based businesses, software developers, law firms, major medical facilities, universities, school districts and government agencies.

Yipes is the defining provider of managed optical IP networks
Yipes leverages the elegance of native Ethernet technology to provide Just-In-Time BandwidthSM that is smoothly and quickly scalable from 1 Mbps to 1 Gbps (in 1 Mbps increments), enabling the next generation of Internet services. Yipes' highly affordable services, currently available in 21 markets coast-to-coast, include Yipes MAN (metro area networking), Yipes NET (high-speed Internet access), Yipes WAN (wide area networking), Yipes TOUGH (extended redundancy options), Yipes WALL (managed firewall service) and Yipes WEB (managed Web services). Yipes' Application-Aware NetworkSM will empower customers to manage bandwidth and quality of service on a real-time, application-specific basis. Yipes has received $291 million in equity funding from more than 30 investors including Norwest Venture Partners, New Enterprise Associates (NEA), The Sprout Group/CSFB, Charter Growth Capital, JP Morgan Partners, BancBoston Capital, Soros Private Equity Partners, Focus Capital and Intel Capital.

Yipes has been honored for innovation and excellence
by America's Network, Computerworld, Enterprise Systems, Inter@ctive Week, The Net Economy, Network, Red Herring, tele.com, Telephony and Upside magazines, as well as Networld + Interop, Supercomm and COMNET. The company is headquartered in San Francisco. For more information, visit www.yipes.com.

For further information
Jonathan Marshall, Senior Director, Public Relations
Yipes Communications, Inc.
415.901.2179
jonathan.marshall@yipes.com

Nick Valavanis, onShore, Inc.
312.850.5200
nick@onShore.com

[top]